The bank plans to hire 75 community managers by 2030 to serve areas with limited banking access.

The purpose of the social bond is to empower underserved, low-income communities through improved access to affordable financing to meet their vital transportation needs and ultimately provide a path to mainstream financing.

With this second iteration of the Community Finance Innovation Fund, the Citi Foundation will support a new cohort of Community Development Financial Institution innovators.

The US Faster Payments Council has released ‘Operational Considerations for Receiving Instant Payments’, a guideline for financial institutions on instant payments, including RTP and FedNow.

Financial Inclusion Grants direct funding to organizations serving minority populations in policy areas covered by the report: affordable housing, business ownership, childcare, education, employment, and health access and outcomes.

To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix, Arizona and advance the organization’s technology and digital platforms. 

Native Community Development Financial Institutions (CDFIs) emerged to help address credit and capital challenges and provide Native communities and residents with an alternative to mainstream banks.

OppFi and Zogo bring together expertise and resources to tackle ongoing financial challenges faced by everyday Americans.

Mizuho provided $5 million in debt capital to Grameen America and its microlending program as part of the firm’s ongoing commitment to CDFIs and financial inclusion.

The Iowa Credit Union Foundation recently announced a new three-year, $150,000 investment in a grant initiative that will address barriers to financial well-being for minority populations in Iowa.